Regulations Governing the Management of Collective Trust Funds Article 5

A collective trust fund may be denominated in foreign currencies. Unless it is otherwise provided by the competent authority, the subscription and redemption of such a fund and the payment of related fees shall be effected in the foreign currency designated by the trust enterprise, and the trust enterprise may not change the denominated currency at will after designation. Where any payment relating to the fund involves inward or outward remittance of funds, relevant rules of the Central Bank shall be followed.The trust assets of a foreign-currency denominated collective trust fund may be invested in instruments denominated in foreign currencies only, and the investment may not involve or be linked to NTD interest rate or exchange rate index products.A NTD-denominated collective trust fund that uses its assets to make overseas investments shall invest not less than 15 percent of its outward remittance in foreign exchange swap or cross-currency swap products.